Saia (NASDAQ:SAIA) Price Target Cut to $490.00

Saia (NASDAQ:SAIA) had its price target cut by BMO Capital Markets from $575.00 to $490.00 in a report issued on Monday, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

A number of other research firms have also recently weighed in on SAIA. Wolfe Research cut Saia from an outperform rating to a peer perform rating in a report on Thursday, April 11th. Stifel Nicolaus downgraded Saia from a buy rating to a hold rating and upped their target price for the stock from $484.00 to $526.00 in a research note on Tuesday, February 6th. TD Cowen dropped their price target on shares of Saia from $528.00 to $473.00 and set a hold rating on the stock in a research note on Monday. Benchmark boosted their price target on shares of Saia from $575.00 to $625.00 and gave the stock a buy rating in a report on Thursday, March 21st. Finally, Raymond James increased their price objective on shares of Saia from $565.00 to $604.00 and gave the company an outperform rating in a report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Saia has an average rating of Hold and an average price target of $481.50.

Saia Price Performance

NASDAQ:SAIA opened at $416.10 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. The company has a 50 day moving average price of $566.04 and a 200-day moving average price of $479.86. Saia has a 1-year low of $266.91 and a 1-year high of $628.34. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 EPS. Equities research analysts forecast that Saia will post 16.13 EPS for the current year.

Insider Transactions at Saia

In other news, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the sale, the chief financial officer now owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Saia news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares in the company, valued at $3,136,228.25. The disclosure for this sale can be found here. Insiders have sold a total of 27,699 shares of company stock worth $14,966,813 in the last quarter. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in Saia during the 4th quarter worth about $26,000. Pineridge Advisors LLC acquired a new stake in shares of Saia during the fourth quarter worth about $26,000. Core Wealth Advisors Inc. purchased a new position in shares of Saia in the fourth quarter valued at approximately $32,000. Rise Advisors LLC acquired a new position in shares of Saia in the first quarter valued at approximately $40,000. Finally, GAMMA Investing LLC purchased a new stake in Saia during the 4th quarter worth approximately $43,000.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.